Last month, the Guangdong Provincial Government will issue two billion yuan in offshore debt securities, through the only financial entity established in the city for this purpose, Chongwa (Macao) Financial Asset Exchange Co., Ltd (MOX).
This initiative was the Guangdong Provincial Government’s third issuance of debt securities in yuan in Macau, after two consecutive first issuances in 2021 and 2022 and, on the other hand, it is the first issuance of green debt securities in Macau. Local government of Guangdong Province.
In a statement, the Macau authorities indicated that these successive issues of State debt securities make it possible to reinforce the level of attraction of the Macau bond market, promote the development of the RMB offshore market in the city, as well as strengthen financial cooperation between Mainland China and Macau, with the issues in question aimed at professional investors.
The Macao SAR Government has highlighted the development of the modern financial sector as one of the main objectives of its strategy to promote the diversification of the local economy.
